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Stocks continued their slow by steady progress on Wednesday while keeping one eye on renewed trade talks and the other on Friday’s jobs report.
OK, so you’ve heard this maaany times before, but… it appears that the trade negotiations are going pretty well. According to White House economic advisor Larry Kudlow, China has actually admitted that the U.S. “has a point” when it comes to IP theft. That could be a big factor in getting a good trade deal done.
Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer are back at the table with China’s Vice Premier Liu He in Washington this week. Are we finally going to get a breakthrough? It feels like we’re really approaching the finish line, but it’s best not to get too excited until we see a signing ceremony.
The NASDAQ again had the best performance of the day, as semiconductors had a solid session on trade deal optimism. The index advanced 0.60% to 46.86. The S&P was up 0.21% to 2873.40. Both of these indices now have five-session winning streaks.
The was back in